Market Overview:
The global toggle switches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for toggle switches from commercial and residential applications, and the growing demand for high current toggle switches in Asia Pacific. The global Toggle Switches Market is segmented on the basis of type, application, and region.
Product Definition:
Toggle switches are a type of switch that can be either on or off. They are often used in machinery to control the flow of electricity. Toggle switches are important because they can make it easy to turn things on and off.
High Current Toggle Switches:
High current toggle switches are also known as high-power toggle switch or high power relay. It's an electrical device that toggles the current on and off rapidly, making it useful in applications where a low amperage is required such as lighting and electronic equipment. The normal low power toggle switch has a capacity of up to 125 A, whereas high-power ones can go up to 1 MVA.
Small Current Toggle Switches:
Small current toggle switches are also known as micro-toggle switches or mini toggle switch. They have a small electric current and are used in various applications such as alarm systems, home appliances, traffic signals and other electronic devices. The small size of the device makes them easy to install and handle which is one of the major factors driving their demand over the forecast period. Moreover, they consume less power making them eco-friendly which is expected to propel market growth over the next seven years.
Application Insights:
The commercial application segment held the largest share of more than 60.0% in 2017. The growing construction and infrastructure sector across the globe is expected to be a major factor driving product demand in this segment over the forecast period. In addition, increasing government spending on transportation and communication projects are likely to augment industry growth over the coming years.
The residential application segment is projected to witness significant growth over the forecast period owing to rising consumer preference for energy-efficient products with low power consumption features such as dimming ability.
Regional Analysis:
North America is expected to be the largest market for global toggle switches over the forecast period. The region has a well-established power infrastructure with high penetration of electricity in rural areas as compared to urban centers. Furthermore, technological advancements such as digitalization and automation are projected to augment demand for industrial applications of these devices in North America.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing demand from developing countries such as China and India. Rapidly growing manufacturing sector coupled with improving economic conditions in emerging markets including China and India are likely drive regional market growth during the forecast period.
Growth Factors:
- Increasing demand for miniaturization in electronic devices
- Rising demand from the automotive industry
- Growing popularity of toggle switches in consumer electronics
- Proliferation of smart homes and Internet of Things (IoT)
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Toggle Switches Market Research Report
By Type
High Current Toggle Switches, Small Current Toggle Switches
By Application
Commercial, Residential, Others
By Companies
Honeywell, Eaton, Carling Technologies, NKK Switches, TE Connectivity, Omron, Panasonic, Acrolectric, Bulgin, C&K Components, Leviton, Copal, CW Industries, Grayhill, E Switch, Otto, Apem
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Toggle Switches Market Report Segments:
The global Toggle Switches market is segmented on the basis of:
Types
High Current Toggle Switches, Small Current Toggle Switches
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- Eaton
- Carling Technologies
- NKK Switches
- TE Connectivity
- Omron
- Panasonic
- Acrolectric
- Bulgin
- C&K Components
- Leviton
- Copal
- CW Industries
- Grayhill
- E Switch
- Otto
- Apem
Highlights of The Toggle Switches Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Current Toggle Switches
- Small Current Toggle Switches
- By Application:
- Commercial
- Residential
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Toggle Switches Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Toggle switches are a type of electrical switch that can be turned on and off by pressing the button. Toggle switches come in a variety of shapes and sizes, and they are often used to control lights or other electrical appliances.
Some of the major companies in the toggle switches market are Honeywell, Eaton, Carling Technologies, NKK Switches, TE Connectivity, Omron, Panasonic, Acrolectric, Bulgin, C&K Components, Leviton, Copal, CW Industries, Grayhill, E Switch, Otto, Apem.
The toggle switches market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Toggle Switches Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Toggle Switches Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Toggle Switches Market - Supply Chain
4.5. Global Toggle Switches Market Forecast
4.5.1. Toggle Switches Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Toggle Switches Market Size (000 Units) and Y-o-Y Growth
4.5.3. Toggle Switches Market Absolute $ Opportunity
5. Global Toggle Switches Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Toggle Switches Market Size and Volume Forecast by Type
5.3.1. High Current Toggle Switches
5.3.2. Small Current Toggle Switches
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Toggle Switches Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Toggle Switches Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Residential
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Toggle Switches Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Toggle Switches Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Toggle Switches Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Toggle Switches Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Toggle Switches Demand Share Forecast, 2019-2026
9. North America Toggle Switches Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Toggle Switches Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Toggle Switches Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Residential
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Toggle Switches Market Size and Volume Forecast by Type
9.7.1. High Current Toggle Switches
9.7.2. Small Current Toggle Switches
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Toggle Switches Demand Share Forecast, 2019-2026
10. Latin America Toggle Switches Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Toggle Switches Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Toggle Switches Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Residential
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Toggle Switches Market Size and Volume Forecast by Type
10.7.1. High Current Toggle Switches
10.7.2. Small Current Toggle Switches
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Toggle Switches Demand Share Forecast, 2019-2026
11. Europe Toggle Switches Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Toggle Switches Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Toggle Switches Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Residential
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Toggle Switches Market Size and Volume Forecast by Type
11.7.1. High Current Toggle Switches
11.7.2. Small Current Toggle Switches
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Maket Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Toggle Switches Demand Share, 2019-2026
12. Asia Pacific Toggle Switches Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Toggle Switches Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Toggle Switches Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Residential
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Toggle Switches Market Size and Volume Forecast by Type
12.7.1. High Current Toggle Switches
12.7.2. Small Current Toggle Switches
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Toggle Switches Demand Share, 2019-2026
13. Middle East & Africa Toggle Switches Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Toggle Switches Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Toggle Switches Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Residential
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Toggle Switches Market Size and Volume Forecast by Type
13.7.1. High Current Toggle Switches
13.7.2. Small Current Toggle Switches
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Toggle Switches Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Toggle Switches Market: Market Share Analysis
14.2. Toggle Switches Distributors and Customers
14.3. Toggle Switches Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Honeywell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eaton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Carling Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NKK Switches
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TE Connectivity
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Omron
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Acrolectric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bulgin
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. C&K Components
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Leviton
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Copal
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CW Industries
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Grayhill
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. E Switch
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Otto
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Apem
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
